Trade. io Crypto Exchange to be Launched

At the initial stage Trade.io offers trading in pairs between Bitcoin, Bitcoin Cash, Ethereum, Litecoin and TradeToken
24 July 2018   581

Switzerland-based financial platform Trade.io announced the launch of the same-name crypto exchange. At this stage, the exchange operates in a test mode - 1000 pre-selected users are granted access to it, and in the future access will be received by other customers.

At the initial stage Trade.io offers trading in pairs between Bitcoin, Bitcoin Cash, Ethereum, Litecoin and TradeToken. In the future, it is planned to add also forex assets, stocks, securities and so on.

The trade.io Exchange has been designed to give power back to customers by democratizing and disrupting the financial industry. What we are doing here is recapturing revenue and distributing it back to customers. With the help of our team of experts in the FinTech and blockchain sectors, we have created the future of crypto exchange here today.
 

Jim Preissler

CEO, trade.io

As the company notes, at the moment new users registered on the site will be added to the waiting list and will have access to the trade after they reach the queue.

Representatives of the exchange say that at the moment Trade.io is the only fully customizable platform for users. During the testing, the exchange team received a lot of feedback from customers and implemented all the necessary functions. It is also noted that customer service is not suspended during the upgrade of the platform.

Another important feature of the new exchange is the open source source available to GitHub, as well as its own liquidity pool, formed at the expense of users, who subsequently receive a reward for this.

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Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   93

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.
 

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.